A Business Partnership That Is Owned and Managed Like a Corporation

question 205

Multiple Choice

A business partnership that is owned and managed like a corporation but taxed like a partnership is called a(n)

• A) limited partnership.
• B) master limited partnership.
• C) domestic partnership.
• D) alien partnership.
• E) limited-liability company.

---

Definitions:

Egocentrism

A psychological stage where an individual has difficulty understanding the perspectives of others, often seen in early childhood development.

Attention Deficit Hyperactivity Disorder (ADHD)

A neurodevelopmental disorder characterized by patterns of inattention, hyperactivity, and impulsivity that are more frequent and severe than typically observed in individuals at a comparable level of development.

Generalized Anxiety Disorder (GAD)

A mental health disorder characterized by chronic and excessive worry about various aspects of life, often to the extent that it interferes with daily activities.

Post-Traumatic Stress Disorder (PTSD)

A mental health condition triggered by experiencing or witnessing a traumatic event, characterized by flashbacks, nightmares, and severe anxiety.